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Feb 26, 2014
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, increasing the deficit. so let me say a word about this. unlike many expenditures, including the wars in iraq and afghanistan, the truth is that this bill will not add one penny to the deficit. and let me repeat, this bill will not add one penny to the deficit. the congressional budget office, the nonpartisan scorekeeper, has estimated that mandatory spending in this legislation will total $2.88 billion over the next decade. all of this mandatory spending is completely offset, not by the overseas contingency operations or o.c.o., but through more than $4.2 billion in actual savings from programs within the jurisdiction of the senate veterans' affairs committee. as a result, c.b.o. has determined that overall mandatory spending -- mandatory spending in this bill will be reduced, will be reduced, by more than $1.3 billion. in addie mandatory spending, this bill authorizes $18.3 billion in discretionary spending over the next five years to improve the lives of our nation's veterans and their families. mr. presi
, increasing the deficit. so let me say a word about this. unlike many expenditures, including the wars in iraq and afghanistan, the truth is that this bill will not add one penny to the deficit. and let me repeat, this bill will not add one penny to the deficit. the congressional budget office, the nonpartisan scorekeeper, has estimated that mandatory spending in this legislation will total $2.88 billion over the next decade. all of this mandatory spending is completely offset, not by the...
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Mar 6, 2014
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the former chelsea striker who likes to reduce the deficit to four wickets for seventy in midfield of the struggles of the home side and that fellow twelve minus ten minutes into stoppage time to control the silks that the dead and lives in their last matches the dramatic world cup playoff win against ukraine in november with am posting the last of the side of the stock if rolls. in four wheel drive front boundary bend several clubs have a fiscal fully authentic admitted that the dap should spend days but sweetie went from provider to goalscorer himself almonds before the break when he called the dutch defence nothing to fully have installed and complete a two goal victory marriott go to school against the run of plates and gemini a fortunate one nil win over chile in the friendly in stuttgart although the headlights and have probably containing the south americans will play host to both poles. it's a sixteenth minute goal proved enough for victory. despite the wind job because your kid will quilt the demonic dramatic improvements before heading to brazil in search of a full welsh cup
the former chelsea striker who likes to reduce the deficit to four wickets for seventy in midfield of the struggles of the home side and that fellow twelve minus ten minutes into stoppage time to control the silks that the dead and lives in their last matches the dramatic world cup playoff win against ukraine in november with am posting the last of the side of the stock if rolls. in four wheel drive front boundary bend several clubs have a fiscal fully authentic admitted that the dap should...
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Mar 6, 2014
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their plan called for the deficit $819 billion in 2013. what was the deficit for 2013? >> $680 billion. >> well, that is much less than what simpson bowles projected sit not? >> it is. >> so last year, 2013, president obama exceeded the deficit reduction goal of simpson bowles of $139 billion. am i correct? >> yes, sir. >> yes, sir i would have to look at what numbers they have at what years. >> do you know what the number will be? >> it is 2016 and it will be 531. gee have to look at these numbers. give the president and this administration some credit. i have been pretty tough on them. give them some cd. they did something else. they did something that bass wa positionti positive. but you are never going to give any credit to anybody except the pat on the back at the christmas party. superintendant th isn't that wonderful? >> does this plan raise the age for social security? >> no, sir. >> does it change the measure of inflation for social security? >> so this administration has managed to reduce the deficit in 2013 below bowles simpson to social security. >> so now w
their plan called for the deficit $819 billion in 2013. what was the deficit for 2013? >> $680 billion. >> well, that is much less than what simpson bowles projected sit not? >> it is. >> so last year, 2013, president obama exceeded the deficit reduction goal of simpson bowles of $139 billion. am i correct? >> yes, sir. >> yes, sir i would have to look at what numbers they have at what years. >> do you know what the number will be? >> it is 2016...
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Mar 5, 2014
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what is the deficit number in this proposal and define the two. >> guest: deficits are how much the government spends minus how much they raise in revenue. and they are measured in percentage of economy activity. it is around 4% and coming down fast. i think it is estimated to end around 3% and in the 2's next year so that is a big decline from 2010 where it was 10%. so that is progress. as long as the economy is growing faster than 2%, it will be a decline. every year you spend more than you have, and borrow money and that adds to the debts. so they would come down to a 1.6% gdp. the president will raise taxes on a trillion dollars mainly on wealthy people but some middle class as well. it would probably work. but it is a huge controversy from the taxes. ... thank you for taking my call. independent because most of us americans have caught onto the big blame game. , andeach blame each other basically they are on the same team. they have different ways to go about it. my main problem is the epa. we are giving him close to $8 million, and it'll do nothing for us. they let the fracking industry
what is the deficit number in this proposal and define the two. >> guest: deficits are how much the government spends minus how much they raise in revenue. and they are measured in percentage of economy activity. it is around 4% and coming down fast. i think it is estimated to end around 3% and in the 2's next year so that is a big decline from 2010 where it was 10%. so that is progress. as long as the economy is growing faster than 2%, it will be a decline. every year you spend more than...
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Mar 2, 2014
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in other words, there was a slight decrease in the deficit. you would hope there would be a significant one. but the only reason there was was because he had a provision in there about a more accurate measure of inflation under the cpi and social security. we now hear that he's actually going to take that out of the budget at a time when social security has a $63 billion shortfall every year, at a time again when we're told by this nonpart sap congressional budget office things are getting worse, not better. so if he takes that out as apparently he'll do businessed on the leaks because it's partisan political year, he's not going to have any can he have deficit reduction. so if that is true, boy, again, this is not responsible.he have deficit reduction. so if that is true, boy, again, this is not responsible. this is not responsive to what is really happening. >> let me bring in congressman van hollen. what we're talking about by far the biggest part of the budget and that is entitlements. last year as part of the budget, the president include
in other words, there was a slight decrease in the deficit. you would hope there would be a significant one. but the only reason there was was because he had a provision in there about a more accurate measure of inflation under the cpi and social security. we now hear that he's actually going to take that out of the budget at a time when social security has a $63 billion shortfall every year, at a time again when we're told by this nonpart sap congressional budget office things are getting...
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Mar 5, 2014
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in fiscal year 2009, we achieved a high deficit watermark of $1.4 trillion. that number fell to a still high $680 billion in fiscal year 2013. of the $736 billion of deficit reduction over that five-year span, $670 billion came from increased revenue or taxes and only $66 billion came from reduced outlays. so in terms of budget realizations, rather than promises for the future, less than 9% of the deficit reduction between 2009 and 2013 came from reductions in spending. the vast majority came from increased revenue. yet the mantra from the administration continues: more revenue and higher taxes along with ever-more spending. one can only wonder where job creation falls into the mix, if it does at all. since president obama came into office, we've heard a lot of talk about his laser-like focus on job creation. however, the record of this administration suggests that this focus is more on growing government than on growing our economy. we've seen the failed stimulus, obamacare, and initiatives like dodd-frank, all of which have expanded the size and scope of th
in fiscal year 2009, we achieved a high deficit watermark of $1.4 trillion. that number fell to a still high $680 billion in fiscal year 2013. of the $736 billion of deficit reduction over that five-year span, $670 billion came from increased revenue or taxes and only $66 billion came from reduced outlays. so in terms of budget realizations, rather than promises for the future, less than 9% of the deficit reduction between 2009 and 2013 came from reductions in spending. the vast majority came...
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Feb 28, 2014
02/14
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the federal deficit was $680 billion in the last fiscal year. that's down from about $1.1 trillion the previous year. cnn global economic analyst, managing editor of "time" magazine. so it's a dramatic -- about 15% drop in the deficit, which is still high, but a lot less than it used to be. what happened? >> well, in short, the country's growing again. we have been in a recovery for the last year. hasn't felt like one to a lot of people, but growing your way out of a deficit is always the best way to do it. that happened during the boom period of the clinton years, what a lot of people have been hoping would happen once we got past the fiscal headwinds in washington, that we get back on a growth path. what's interesting, though, there is actually a cbo study out looking at the longer term impact on budget deficits. and we have to keep growing faster in order to keep it down. we go back to a 2% economy, those numbers will tick right back up. so the jury is still out on this. >> because that cbo report that came out the other day, it said right no
the federal deficit was $680 billion in the last fiscal year. that's down from about $1.1 trillion the previous year. cnn global economic analyst, managing editor of "time" magazine. so it's a dramatic -- about 15% drop in the deficit, which is still high, but a lot less than it used to be. what happened? >> well, in short, the country's growing again. we have been in a recovery for the last year. hasn't felt like one to a lot of people, but growing your way out of a deficit is...
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Mar 4, 2014
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as a result, obviously the deficit is a lot better with deficit reduction, which is what we're showing in our budget, than if you didn't have deficit reduction, which is what a budget baseline would show. there's some other technical differences between our outyear forecast. they're mostly on the revenue side, though, not on the spending side. both of them include a.c.a. because it's the law of the and. >> this is for anyone. tax provisions vary from current law like maybe the certain expired tax provisions or extenders? >> well, obviously we have a set of proposals in there, so one of the places where -- that's in our -- assumed in our budget is that in the 2010 and 2012 budgets, the president extended his increases for the refundability in the child tax credit. the increases in the earned income tax credit for three children or more and the marriage penalty and one of the president's innovation and earned income tax credit was that a portion of that was also refundable. in the budget agreement those were extended for another five years through 2017. we would assume that those are ext
as a result, obviously the deficit is a lot better with deficit reduction, which is what we're showing in our budget, than if you didn't have deficit reduction, which is what a budget baseline would show. there's some other technical differences between our outyear forecast. they're mostly on the revenue side, though, not on the spending side. both of them include a.c.a. because it's the law of the and. >> this is for anyone. tax provisions vary from current law like maybe the certain...
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Mar 4, 2014
03/14
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at a time when i deficit has been cut in half. it allows us to meet our obligations to future generations. from the heard president, deficit picture is looking better. much so that levels will be below where they were before the budget crisis. >> how do republicans react to away from the emphasis on deficit reduction act out >? >> john baeder came out and said that this was the most irresponsible budget yet of the obama has proposed. the president laster put out an all french to republicans and said he was willing to make changes to social security, medicare and other entitlement programs. those are all gone this year. for republicans to look at these budgets in the lines of what the established last year in terms of topline numbers under the agreement, this budget is something that will not move in the house of republicans. are viewed asts more of political documents as opposed to policy proposals. >> that really is right. especially this year. yep midterms coming up in november. the white house wanted to lay out policy prioritie
at a time when i deficit has been cut in half. it allows us to meet our obligations to future generations. from the heard president, deficit picture is looking better. much so that levels will be below where they were before the budget crisis. >> how do republicans react to away from the emphasis on deficit reduction act out >? >> john baeder came out and said that this was the most irresponsible budget yet of the obama has proposed. the president laster put out an all french to...
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Mar 5, 2014
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they talk about obsessions with deficits and debt. and then they refuse to raise revenue in any form or fashion. >> advertisement reform with the chained cpi last year. they don't back him when he is trying to do what they say they want to do. >> they predicate their position on ignorance. and nobody actually calling them out. i mean, the sound that you played at the beginning of this segment, that's the -- that's all you need to know about the republican party. on the one hand, on the other hand. and in the meantime, if you ever ask them for a meaningful piece of policy, of governable policy, they have nothing. >> you know the guy's running around a big arena, trying to get to the farthest right. well, they always want to be the hardest rail to the right. take a look at lindsey graham here, who seems oftentimes a reasonable guy, but he is so scared of looking reasonable because it will get him killed in south carolina. on twitter he wrote today, isn't it original? it started with benghazi. when you kill americans and nobody pays a pr
they talk about obsessions with deficits and debt. and then they refuse to raise revenue in any form or fashion. >> advertisement reform with the chained cpi last year. they don't back him when he is trying to do what they say they want to do. >> they predicate their position on ignorance. and nobody actually calling them out. i mean, the sound that you played at the beginning of this segment, that's the -- that's all you need to know about the republican party. on the one hand, on...
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Mar 6, 2014
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. >> defense is going down because the defect -- deficit. >> what you are asking for is very reasonable in terms of this and 56nal $26 billion billion dollars overall for defense and nondefense. forill be given the pay from the administration the next few weeks. many of us have them that are perfectly reasonable. we pay for what we need to do as a country including closing some of these loopholes which are egregious. these offshore tax loopholes, that allow the most profitable corporations in the world to avoid paying taxes by shifting their intellectual property to tax havens. the loopholes that allow the hedge fund managers to be paying half of the tax rate that people who work for them pay. there are some unjustified tax loopholes in this tax code which we should close even if we had no deficit. given the fact we have real needs including security needs, which we much fun -- must fund adequately, there are places we can fund it. $26 billion for defense and 56 billion dollars overall so i hope we take the leap the administration has given us on this budget and fund the full 56 billion
. >> defense is going down because the defect -- deficit. >> what you are asking for is very reasonable in terms of this and 56nal $26 billion billion dollars overall for defense and nondefense. forill be given the pay from the administration the next few weeks. many of us have them that are perfectly reasonable. we pay for what we need to do as a country including closing some of these loopholes which are egregious. these offshore tax loopholes, that allow the most profitable...
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Mar 4, 2014
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by taking that out, they will lose 230 billion or so in deficit reduction. already we know one of the ways will be assuming the senate passes and immigration overall. go much does that cost you these are the kinds of things we will be looking for. perhaps the least effective budgets we have seen in years because congress are it has a toplines appropriations number for this year. they are are ready holding hearings. this is entitlement overhaul out of the midterm. how is the budget actually released today, and to are the surrogates that the white house is sending to capitol hill over the next coming days to talk about the president spending plan? 11:30.we will see it at it used to be they handed out copies to the press but that has been curtailed. theave been told that historical perspective volume, usually an interesting economic here this week, will have the main budget all human independent, they will be available at 11:30 and then a noontime press conference. andell from west virginia pretty much well-liked on all sides of the aisle will be going to the h
by taking that out, they will lose 230 billion or so in deficit reduction. already we know one of the ways will be assuming the senate passes and immigration overall. go much does that cost you these are the kinds of things we will be looking for. perhaps the least effective budgets we have seen in years because congress are it has a toplines appropriations number for this year. they are are ready holding hearings. this is entitlement overhaul out of the midterm. how is the budget actually...
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Mar 4, 2014
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and results in a very large balance of payments deficit. these have to be fixed. they are fixable. that is the first order of business. >> imf headlines? >> this is from the u.s. treasury, announcing their assistance plans, the $1 billion loan guarantee is planned and they plan to send technical advisers to the ukraine, saying the treasury will be at the center of international aid and the plan will live to the russian tree move. >> would you presume that the imf is speaking with russia? ofis there a lack communication there? >> certainly, they are members and are represented at the executive board my and executive director. i am sure that there is communication. but the important point here is the technical analysis of what is needed to put ukrainian economic policy in a sustainable and positive mode. then to arrange the financing necessary to make the implementation practical. you so much.k greatly appreciate that from our washington news bureau this morning. really talking about the clamps that have to be placed down in the process. >> w
and results in a very large balance of payments deficit. these have to be fixed. they are fixable. that is the first order of business. >> imf headlines? >> this is from the u.s. treasury, announcing their assistance plans, the $1 billion loan guarantee is planned and they plan to send technical advisers to the ukraine, saying the treasury will be at the center of international aid and the plan will live to the russian tree move. >> would you presume that the imf is speaking...
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generations without leaving them a mountain of debt. >> woodruff: the 2015 deficit would decline, to $560 billion, but republicans today said the red ink, spending hikes and tax increases mean the plan is dead on arrival. senate minority leader mitch mcconnell. >> rather than put together a constructive blueprint the two parties could use as a jumping off point, to get our economy moving and our fiscal house in order, the president has once again opted for the political stunt for a budget that's more about firing up the base in an election year than about solving the nation's biggest and most persistent long-term challenges >> woodruff: congressman paul ryan, the house budget chair, likewise called the obama plan a disappointment. in a statement, he said: >> woodruff: ryan offered an extensive critique yesterday of federal anti-poverty efforts. he's expected to release a republican budget proposal in the coming weeks. >> woodruff: some of the more notable pieces of the president's proposal, and expected to show up in the republican alternative, are the different approaches to poverty
generations without leaving them a mountain of debt. >> woodruff: the 2015 deficit would decline, to $560 billion, but republicans today said the red ink, spending hikes and tax increases mean the plan is dead on arrival. senate minority leader mitch mcconnell. >> rather than put together a constructive blueprint the two parties could use as a jumping off point, to get our economy moving and our fiscal house in order, the president has once again opted for the political stunt for a...
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the deficit because it's not about the deficit it was never about the deficit it's ideological it's about undoing the new deal exactly and do doing any progressive big. till they achieve those ends you'll keep hearing the deficit hawks come up and use that as an excuse for that and yeah hopefully hopefully people will realize now that the deficit stuff is just a nonsense to be good enough to beat them at all right more of tonight's big picture politics panel right after the break. got a code for years that's pretty tough. stay with substory. but if this guy like you would smear that guy stead of working for the people most issues the mainstream media are working for each other bribe writers vision to find . a good writer. if it was a. very hard to take. once again to come on here there's a play by patton that had sex with her thick hair cut this. if it was safe. safe. if . welcome back with me for tonight's big picture politics panel our sam sax and ben cohen guys let's get back to it all right tomorrow is primary day in texas and for the first time in a while democrats actually hav
the deficit because it's not about the deficit it was never about the deficit it's ideological it's about undoing the new deal exactly and do doing any progressive big. till they achieve those ends you'll keep hearing the deficit hawks come up and use that as an excuse for that and yeah hopefully hopefully people will realize now that the deficit stuff is just a nonsense to be good enough to beat them at all right more of tonight's big picture politics panel right after the break. got a code...
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Mar 6, 2014
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deficit,ore debt, more and more taxes. it is problematic. it did not solve anything. host: on the areas where you say there is common ground, do you think it get done before the 2014 election? guest: we already have a budget agreement that is the reality. host: the current income tax credit, the transportation. guest: we have a two-year highway bill in place right now. in the political dysfunction congress, the house transportation committee was able to pass a two-year highway bill. extension forfaa our airports. will continue. the good thing about transportation infrastructure, it is generally bipartisan. every congressman and senator has roads, bridges, harbors in their states. i believe we are going to continue to work on those things. host: the house armed services committee hearing from general dempsey today about the military's budget. what do you make of what the president post -- of what the president proposed? guest: i am nervous. it is a flat line. there is modest reduction and it does not grow. the budget wasat really designed around what the are.nal securi
deficit,ore debt, more and more taxes. it is problematic. it did not solve anything. host: on the areas where you say there is common ground, do you think it get done before the 2014 election? guest: we already have a budget agreement that is the reality. host: the current income tax credit, the transportation. guest: we have a two-year highway bill in place right now. in the political dysfunction congress, the house transportation committee was able to pass a two-year highway bill. extension...
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at a time when our deficits are falling at the fastest rate in 60 years, we have to decide if we are going to keep squeezing the middle class or if we're going to continue to reduce the deficits responsibly, while taking steps to grow and strengthen the middle class. the american people have made clear time and again which approach they prefer. that is the approach my budget offers. that is why i am going to fight for it this year and in the years to come as president. thank you very much, everybody. michael? >> do you have any response to president putin's press conference this morning? is chancellor merkel right that he has lost touch with reality? have you spoken to him personally? >> i have not spoken to him since i spoke to him this past weekend. but obviously, me and my national security team have been watching events unfolding in ukraine very closely. i met with them again today. as many of you know, john kerry is in kiev as we speak, at my direction. he's expressing our full support for the ukrainian people. over the past several weeks, we've been working with our partners an
at a time when our deficits are falling at the fastest rate in 60 years, we have to decide if we are going to keep squeezing the middle class or if we're going to continue to reduce the deficits responsibly, while taking steps to grow and strengthen the middle class. the american people have made clear time and again which approach they prefer. that is the approach my budget offers. that is why i am going to fight for it this year and in the years to come as president. thank you very much,...
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Mar 3, 2014
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's slash toidents deficit has been mitigated. on the front page of "the washington post," the republican response. the budget from the republicans will focus on welfare reform. a 204yan will publish page critique, questioning the efficacy of dozens of initiatives and underscoring where republicans say consolidation or spending reductions are needed. democrats line. caller: my name is patrick. i want to talk about the guy that just called talking about the revolt that he wants people to revolt in america. this guy is sitting on his high somewhere,e suburbs eating snickers bars. we are not going to go there. ukraine is a part of russia. it has been a part of russia for the last couple hundred years. we all know that. america, the european union, they have no business in the affairs of russia and ukraine. america needs to clean up its own house before you can go overseas. those folks are fighting for independence. host: that as a last call. we continue on with our discretion about ukraine. josh rogin will join us. later on, how smal
's slash toidents deficit has been mitigated. on the front page of "the washington post," the republican response. the budget from the republicans will focus on welfare reform. a 204yan will publish page critique, questioning the efficacy of dozens of initiatives and underscoring where republicans say consolidation or spending reductions are needed. democrats line. caller: my name is patrick. i want to talk about the guy that just called talking about the revolt that he wants people...
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Feb 26, 2014
02/14
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they are providing so much money to reduce the deficit. you have a triumvirate of forces reducing the deficit from the outside. then he may, freddie mac, and jpmorgan. i thought -- i think that may continue for a while. cyber security -- you will hear a lot about that. the chances of more data breaches this year are 100%. there will be more and probably will be more as we are sitting here this morning. the chances of a bill are pretty dim. you get the sense that everywhere you look the legislative agenda is looking pretty meager. i don't totally rule out a bill that eric cantor and others are talking about giving tax incentives to companies that hire and train young workers. there could be something like that but i think there will not the a lot. one final thing i want to throw out -- a theme of mine that i have been talking about for the last two or three months -- it leaves me puzzled. here we have an economy that grew in the second half by 3.5% or something like that. that was a rise in gdp and was not all inventory accumulation. inre w
they are providing so much money to reduce the deficit. you have a triumvirate of forces reducing the deficit from the outside. then he may, freddie mac, and jpmorgan. i thought -- i think that may continue for a while. cyber security -- you will hear a lot about that. the chances of more data breaches this year are 100%. there will be more and probably will be more as we are sitting here this morning. the chances of a bill are pretty dim. you get the sense that everywhere you look the...
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Mar 5, 2014
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we applaud the fact there is over $200 billion of deficit reduction in the affordable care act if we can find additional savings and replace lost revenue, we are certainly open to that discussion. i rise in celebration of having width stood 50 repeal votes. we are ready for the next 50. we use these opportunities to highlight the american people on the benefits of the affordable care act. and to say we are ready to have a real discussion with republicans to exert our legislative privilege to make changes. in the absence of that we applaud the president in using the ability that is we gave him under the act to help make sure the affordable care act truly makes health care more affordable for american families. i reserve the balance of my time. the speaker pro tempore: the gentleman from colorado reserves. the gentleman from texas. mr. burgess: i yield myself two minutes. the speaker pro tempore: the gentleman is recognized, two minutes. mr. burgess: mr. speaker, here's the affordable care act. the president said it's the law of the land. how does it describe the effective date for the
we applaud the fact there is over $200 billion of deficit reduction in the affordable care act if we can find additional savings and replace lost revenue, we are certainly open to that discussion. i rise in celebration of having width stood 50 repeal votes. we are ready for the next 50. we use these opportunities to highlight the american people on the benefits of the affordable care act. and to say we are ready to have a real discussion with republicans to exert our legislative privilege to...
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then inflation eleven percent record current account deficit fiscal deficit those expect to be five percent five point two percent growth slowing to its worst in a decade and slower consumer demand you can see that in cars would fell for example for six to eight months even before the taper tantrum. and as a result the central bank they were lowering interest rates before the taper to occur proud and so that was a big shock when we got the taper tension for the for for and ok now that's really interesting because you know while the currency was already sliding it accelerated and the rupee was hitting all time lows that was day after day i believe exactly so india was in big trouble to say the least a big big big trouble and bad loans. they started once they started to climb in indian banks and the fear was a sudden stop in capital flows into the country much needed flows given its huge current account deficit now last august former i am after chief economist rajaraman john i got it i was so nervous i ventured out and he was appointed head of india's central bank and rashaun was one of the f
then inflation eleven percent record current account deficit fiscal deficit those expect to be five percent five point two percent growth slowing to its worst in a decade and slower consumer demand you can see that in cars would fell for example for six to eight months even before the taper tantrum. and as a result the central bank they were lowering interest rates before the taper to occur proud and so that was a big shock when we got the taper tension for the for for and ok now that's really...
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Mar 3, 2014
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unfortunately for the president, it's that word "credible" where he has a real deficit. he let putin bring him down the garden path on syria, a country that was supposed to have given up all its kemic am weapons by february but has only given up 11% of them. what accountability have we heard demanded by the president. whether it's ukraine, china, syria, where wherever we see him, he just doesn't have what it takes to be taken seriously by foreign leaders. >> is he credible? what do you think? >> i think he's more than credible. for example, if you go back and look at 208 when russia went into georgia, we did nothing. that was at the height of our involvement in iraq and afghanistan. he's got the international community to put sanctions. these aren't going to be the treasury. these have to be international sanctions. nobody, even the harshest critic, wants to put boots on the ground. >> let me give you an example of why i think the credibility thing is a little bit tricky. look at what the president said at one point today. it's remarkable. >> one thing right away is to w
unfortunately for the president, it's that word "credible" where he has a real deficit. he let putin bring him down the garden path on syria, a country that was supposed to have given up all its kemic am weapons by february but has only given up 11% of them. what accountability have we heard demanded by the president. whether it's ukraine, china, syria, where wherever we see him, he just doesn't have what it takes to be taken seriously by foreign leaders. >> is he credible? what...
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Mar 3, 2014
03/14
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you took a state a lot of people felt was ungovernable, chiefly because of the budget deficit and now there's a surplus. is there a national leadership lesson that california provide? >> you've got to be tough on spending. at the end of the day, fiscal discipline is the fundamental predicate of a free society. and you just have to maintain that. secondly, you do have to find a way to create a governing consensus or coalition. in california, we do have a majority democratic party. and we don't have the any constitutional blocking points like the 60-vote requirement in the senate or the division of parties in the house between the house and the senate. >> it is interesting, is there a lesson for president obama no matter how liberal you are, you said, here the president's about to present a budget where he's saying look, the deficits are coming down for now. we've got to spend more. we're only going to get the economy going in a meaningful way if we spend more on infrastructure and the loo i can. >> yeah, spend more but in the framework of adjusting your long-term liabilities so we're i
you took a state a lot of people felt was ungovernable, chiefly because of the budget deficit and now there's a surplus. is there a national leadership lesson that california provide? >> you've got to be tough on spending. at the end of the day, fiscal discipline is the fundamental predicate of a free society. and you just have to maintain that. secondly, you do have to find a way to create a governing consensus or coalition. in california, we do have a majority democratic party. and we...
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Feb 28, 2014
02/14
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help drop the deficit sharply. that will end the corrupt subsidies to the coal and gas sector. >> where does this leave the eu? this is a country that if it were to become part of the eu would be bringing on a whole a lot of problems. it is effectively another grease type situation in terms of being in debt. eu'soes that leave the feeling toward ukraine knowing if they were to welcome them in, they would be taking on most -- a host of economic problems. ? one of the wings to bear in mind -- one of the things to bear in mind is that the ukraine is split between the east and west. many people in the west are pro-europe and those in the east are more pro-russia. i think we will have to wait to see what happens with the new government and whether they can forge a national unity before we can start talking about what this will mean for europe. >> thank you very much for joining us and we will continue checking in throughout the day. x and the senior fellow at the peterson institute in washington, d.c. you are looking at
help drop the deficit sharply. that will end the corrupt subsidies to the coal and gas sector. >> where does this leave the eu? this is a country that if it were to become part of the eu would be bringing on a whole a lot of problems. it is effectively another grease type situation in terms of being in debt. eu'soes that leave the feeling toward ukraine knowing if they were to welcome them in, they would be taking on most -- a host of economic problems. ? one of the wings to bear in mind...
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Mar 3, 2014
03/14
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here we see a budget deficit falling sharply. i'll pick on the cbo since everybody picks on the cbo. i thought their receipt estimates for next two or three years were a little stingy, but no matter how you slice it the deficit as percentage of gdp is headed below 3% in the next year or two. you see all this good news. yet no one in this city wants to acknowledge it or take credit for it. it is damnest thing i ever have seen. let me fin wish a comment on three sources in this city that seem unwilling to acknowledge the fact that things have gotten better. you have to ask the question, could this be a self-fulfilling prophecy? first and foremost, not surprisingly is the media. i have some friend here in the press but media feels you can sell more newspapers and get better ratings when you talk about the negative. during the holidays, my blood pressure spiked about 20 points. i saw two stories talking about the recession as if it were still underway. well, for christ's sake the recession ended in june of 09 yet you still hear in th
here we see a budget deficit falling sharply. i'll pick on the cbo since everybody picks on the cbo. i thought their receipt estimates for next two or three years were a little stingy, but no matter how you slice it the deficit as percentage of gdp is headed below 3% in the next year or two. you see all this good news. yet no one in this city wants to acknowledge it or take credit for it. it is damnest thing i ever have seen. let me fin wish a comment on three sources in this city that seem...
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Mar 5, 2014
03/14
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CNBC
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the stronger economy helps fuel the tax burden, helps fuel some of the deficit. if there are things we can do in the administration, the old politics over policy, i think certainly in energy, certainly in several other key areas if we had a better view on policy versus politics, i think we'd see some more robustness. you look at the jobs that are created out of energy and the fracking business, you know, the average employee in theç marcellus, $95,000 a year. 1.3 million jobs, $63 billion in additional tacks. energy independence is at the heart of getting this gdp up and running. >> growth cures all evil. it's great to see you. >> thank you for the opportunity. >> really appreciate it. >>> we have some breaking news now. bertha coombs, what can you tell us? >> the white house says it's going to allow -- to extend the current customers in the transitional plan yaal plans fo two years. 1.5 million individuals and small businesses. they will be renewable through 2016. also boosting 2015 deductibles and out of pocket costs by 4% and they're extending the open enrol
the stronger economy helps fuel the tax burden, helps fuel some of the deficit. if there are things we can do in the administration, the old politics over policy, i think certainly in energy, certainly in several other key areas if we had a better view on policy versus politics, i think we'd see some more robustness. you look at the jobs that are created out of energy and the fracking business, you know, the average employee in theç marcellus, $95,000 a year. 1.3 million jobs, $63 billion in...
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Mar 4, 2014
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taxes $1.7 trillion, this would be an additional tax increase to largely pay for new spending and not deficit reduction. the top republican on the senate budget committee says he wants to know when the president is going to get serious. >> this budget will not work. it's bad for america. it does not get us off the debt course we're on. it has total flimflam in it. in that it projects that we're going to raise taxes another $1.75 trillion. >> house budget chairman paul ryan said the president's budget is not a serious document. it is a campaign brochure. and aides say the soon to be le balance. >> mike emanuel live on the hill, thank you. >>> still ahead, what is the ukraine crisis doing to the u.s. space program. >>> first, the primary season kicks off in texas. it's eb. want to give your family the very best in taste, freshness, and nutrition? it's eb. want to give them more vitamins, omega 3s, and less saturated fat? it's eb. eggland's best eggs. eb's. the only eggs that make better taste and better nutrition... easy. eggland's best eggs. better taste. better nutrition. better eggs. it's eb
taxes $1.7 trillion, this would be an additional tax increase to largely pay for new spending and not deficit reduction. the top republican on the senate budget committee says he wants to know when the president is going to get serious. >> this budget will not work. it's bad for america. it does not get us off the debt course we're on. it has total flimflam in it. in that it projects that we're going to raise taxes another $1.75 trillion. >> house budget chairman paul ryan said the...
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Mar 5, 2014
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at a time when our deficit has been cut in half it allows us to meet op gagbligations of future generations without leaving them a mountain of debt. >> the budget will impact the bottom line for most americans for better and also for worse. the earned income tax credit expands eligibility to ages 20-24 and older workers ages 55 to 66. it is to offset payroll and intomorr income taxes but it will close the loophole that is allow higher income workers to avoid similar. my irs it allows them to save retirement. they back savings up to 15,000 and rolls it into a traditional irs. college care tax breaks which would give 1.71 families an average tax cut. this budget like the previous two are certain to take an uphill battle in congress. tough battle ahead for this one. >>> the time is 10 minutes to the top of the hour almost. an experienced pilot gets a rude awakening from one of the passengers. wait until you hear what his note says. >> a baby brought to tears through a sight on tv. >> who this little one can't stand to look at. >> did you recognize it? >> wait to hear that one. >> can't wait to
at a time when our deficit has been cut in half it allows us to meet op gagbligations of future generations without leaving them a mountain of debt. >> the budget will impact the bottom line for most americans for better and also for worse. the earned income tax credit expands eligibility to ages 20-24 and older workers ages 55 to 66. it is to offset payroll and intomorr income taxes but it will close the loophole that is allow higher income workers to avoid similar. my irs it allows them...
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Mar 6, 2014
03/14
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CSPAN
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while we have made some progress against the deficit, we have done so not by making these structural reforms to revenues and entitlement programs that would put us on a sound financial footing, but by continuing cuts to the funding that the department of defense and other federal programs need to meet important national priorities. this shortfall requires painful trade-offs and just about every area of the department of defense budget. for instance, the budget proposes significantly lower and strengths for the ground forces including a further reduction of army and active duty strengths with smaller reductions in the guardian reserve. the budget restricts the pay raise for service members below the rate of inflation, freezes pay for general and flag -- freezes pays for general and flag officers, begins a phase reduction in the growth of the housing allowance that will result in service members paying five percent out-of-pocket for housing costs, reduces support to commissaries and makes significant changes to the tri-care benefit. the budget also calls for retiring the air force's a-
while we have made some progress against the deficit, we have done so not by making these structural reforms to revenues and entitlement programs that would put us on a sound financial footing, but by continuing cuts to the funding that the department of defense and other federal programs need to meet important national priorities. this shortfall requires painful trade-offs and just about every area of the department of defense budget. for instance, the budget proposes significantly lower and...
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Mar 2, 2014
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on the hill, folks in the white house can work together to improve the bottom loin when it comes to deficits and spending and taxes and cutting? well, i've read that senator patti murray said the senate will not produce a budget in response to the president's proposal. .i've read that the president's budget is going to largely ignore some of the common ground to fix entitlement programs and the like and be more of a gain document that he and his fellow democrats can run on in november. that's a terrible disservice. this country continues to spend a lot more money than we're bringing in the door. debt continues to rack up. medicare and social security continue to be on an unsustainable path. and the president, the person who is supposed to be in charge of the executive branch of government continues to campaign. but he's not going to be on the battle again. so to say it's a disappointment is a profound understatement. >> all right. senator john cornyn, sir, thank you for your time today. >> thanks, shannon. >>> the situation in ukraine developing minutes by minutes. russian soldiers we're tol
on the hill, folks in the white house can work together to improve the bottom loin when it comes to deficits and spending and taxes and cutting? well, i've read that senator patti murray said the senate will not produce a budget in response to the president's proposal. .i've read that the president's budget is going to largely ignore some of the common ground to fix entitlement programs and the like and be more of a gain document that he and his fellow democrats can run on in november. that's a...
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Mar 4, 2014
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. >> the other thing is how weak the ukrainian government is, they have been running deficits, they have almost no money in their treasury. so what do you need to be strong? you need a good economy, right? >> we solved it all. >> next, mitt romney and sarah palin warned years ago about what is happening in russia today. they were mocked by president obama and others on the whole left. we have the tape. >>> and later, stars, selfies, and slices at the academy awards last night. stay tuned for our thoughts on the big show on this big show. >>> so, sarah palin could see russia from her house, or rather putin's threats. she warned us in 2008 if barack obama wins, his indecision and moral equivalence may spur putin to invade ukraine. she was mocked for it because as you know, she talks funny and stuff. who could forget the debate that obama had a lame joke that poked fun at mitt for calling him a foe. >> russia is a geopolitical foe. excuse me, it's a geopolitical foe, and i said in the same paragraph, i said, and iran is the greatest national security threat we face. russia does continue to
. >> the other thing is how weak the ukrainian government is, they have been running deficits, they have almost no money in their treasury. so what do you need to be strong? you need a good economy, right? >> we solved it all. >> next, mitt romney and sarah palin warned years ago about what is happening in russia today. they were mocked by president obama and others on the whole left. we have the tape. >>> and later, stars, selfies, and slices at the academy awards...
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Mar 3, 2014
03/14
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. >> the other thing is how weak the ukrainian government is, they have been running deficits, they have almost no money in their treasury. so what do you need to be strong? you need a good economy, right? >> we solved it all. >> next, mitt romney and sarah palin warned years ago about what is happening in russia today. they were mocked by president obama and others on the whole left. we have the tape. >>> and later, stars, selfies, and slices at the academy awards last night. stay tuned for our thoughts on the big show on this big show. your eyes pend on a unique set ofutrients. [ male announcer ] that's why there's ocuvite. ocuvithelps replenish y eye nutrients. ocuvite has a unique formula that's just not found in any leading multivitamin. help protect your eye health with ocuvite. was a truly amazing day.ey,t your eye health without angie's list, i don't know if we could have found all the services we needed for our riley. for over 18 years we've helped people take care of the things that matter most. join today at angieslist.com when jake and i first set out on we ate anything. but
. >> the other thing is how weak the ukrainian government is, they have been running deficits, they have almost no money in their treasury. so what do you need to be strong? you need a good economy, right? >> we solved it all. >> next, mitt romney and sarah palin warned years ago about what is happening in russia today. they were mocked by president obama and others on the whole left. we have the tape. >>> and later, stars, selfies, and slices at the academy awards...
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Feb 28, 2014
02/14
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CSPAN2
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some of those loopholes as a part of a compromise approach dealing with our media and the long-term deficit challenge is. so yes the president will talk about why it's so important for democrats to advance an agenda that is focused on expanding opportunities for all. and as he has and i have as well it is certainly worth noting in the contrast, and he will again tonight with an agenda that is focused on protecting the loopholes and prerogatives of the wealthiest and the well-connected and again from expanding or protecting the opportunity for a few. >> it sounds like a campaign. when you say opportunit see oppa few yesterday you were saying the chairman proposal has had some good potential to it. >> and they rallied around it. >> the president met earlier this weekend talked about immigration reform. >> obviously the president, like all republican leaders including those running for office themselves, is engaging in political events and he will be supportive in many ways a democrat either running for the reelection or office in this cycle. in the meantime that he is principally focused on a
some of those loopholes as a part of a compromise approach dealing with our media and the long-term deficit challenge is. so yes the president will talk about why it's so important for democrats to advance an agenda that is focused on expanding opportunities for all. and as he has and i have as well it is certainly worth noting in the contrast, and he will again tonight with an agenda that is focused on protecting the loopholes and prerogatives of the wealthiest and the well-connected and again...
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Feb 28, 2014
02/14
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we are reducing the budget deficit through the aca. i know our colleagues on the other side of the aisle are very careful about budget issues. good, they should be. well health care costs are declining and declining significantly. some of that is due to the recession but almost every expert says much of that is due to the aca. national health care expenditures for instance in 2012 grew by 3.7%, meaning that the growth from 2009 to 2012 was the slowest since government collected information and that was in the 60s. the percentage of health care spending for the first time, the percentage of gdp actually shrunk from 17.3 to 17.2. at the same time the solvency of medicare's hospital insurance fund decreased and costs cut. so this is great news. the bottom line, i know our colleagues on the other side of the aisle think they hit political gold when they attacked the aca and called for its appeal but the american people don't want repeal and secondly as we move on in time the positives of the aca will become more apparent. the negatives tha
we are reducing the budget deficit through the aca. i know our colleagues on the other side of the aisle are very careful about budget issues. good, they should be. well health care costs are declining and declining significantly. some of that is due to the recession but almost every expert says much of that is due to the aca. national health care expenditures for instance in 2012 grew by 3.7%, meaning that the growth from 2009 to 2012 was the slowest since government collected information and...
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Feb 27, 2014
02/14
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we have had so many problems with budgets, the deficits are going on and they are ridiculous. cut the military budgets, they do not have the money for different things. i live in baltimore city. years lived here over 33 and our mayor is such a manipulator. this is how bad it is. mayoryears ago, our manipulator that she is, she is good at selling stuff. million dollars in federal funds for infrastructure and used them to pave the roads in the downtown district, which were not in bad shape, so they could meet the requirements to have a race on labor day. what it really was, the organizers of open wheel racing -- it failed for three years. the second year she told these whopping lies about the revenue. host: julian, greensboro, north carolina. caller: it is your responsible to invest in infrastructure as the government. if you look back in the industrial revolution, the technological advances in transportation would have been impossible without the investment of private investors. the government has not been one to advance the technology. it is up to private investors to put that
we have had so many problems with budgets, the deficits are going on and they are ridiculous. cut the military budgets, they do not have the money for different things. i live in baltimore city. years lived here over 33 and our mayor is such a manipulator. this is how bad it is. mayoryears ago, our manipulator that she is, she is good at selling stuff. million dollars in federal funds for infrastructure and used them to pave the roads in the downtown district, which were not in bad shape, so...
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Feb 27, 2014
02/14
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FBC
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we do have governor jerry brown having turned what was a pretty significant deficit into a smaller surplus, but a surplus nonetheless. once again, governor jerry brown going to go for it once again, running for re-election. by the way, next wednesday i'm going to california, and we will be with governor jerry brown because he is striking an innovation partnership with the prime minister of israel, benjamin netanyahu. we will have a first on fox business interview with netanyahu next wednesday. stay tuned for that. >> closing bell ringing in 45 minutes. weight loss is a $40 billion industry, and some americans will do or spend anything to shed the pounds. that's why companies like nutrasystem are making handsome profits. they've just come out with numbers that the market didn't love, but the stock is up more than 100% over the past year. dawn has been at the helm of that turn around of nutrasystem. coming in live, first on fox business, we'll ask her about the proposed new labeling of food. >>> and what does blackstone's steve schwartzman have in common with lady georgia and madonna? fox bu
we do have governor jerry brown having turned what was a pretty significant deficit into a smaller surplus, but a surplus nonetheless. once again, governor jerry brown going to go for it once again, running for re-election. by the way, next wednesday i'm going to california, and we will be with governor jerry brown because he is striking an innovation partnership with the prime minister of israel, benjamin netanyahu. we will have a first on fox business interview with netanyahu next wednesday....
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Mar 4, 2014
03/14
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CNNW
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loophole, we can help create jobs and grow the economy and expand opportunity without adding a dime to the deficit. >> the president also wants to expand the earned income tax credit for the working poor without children. his budget would also expand the child and dependent care tax credit and create automatic iras to help workers save for retirement but it's unlikely those plans will get through congress. he needs legislation to enact all of that and that does not look likely. >>> global markets are rebounding today as investors digest the situation in ukraine. even the dow jones flew out of the gate this morning. alison kosik is over at the new york stock exchange. how much have we bounced back today? >> quite a bit. what a difference a day makes. even the s&p 500 at a record high. the dow up 200 points, 205 points. all 30 stocks in the dow are in the green. very different story yesterday. it was a sea of red. we also saw that turn-around happening overseas, all the way -- there were those down arrows we saw yesterday in europe, asia, russia, they all turned up today. analysts say investors toda
loophole, we can help create jobs and grow the economy and expand opportunity without adding a dime to the deficit. >> the president also wants to expand the earned income tax credit for the working poor without children. his budget would also expand the child and dependent care tax credit and create automatic iras to help workers save for retirement but it's unlikely those plans will get through congress. he needs legislation to enact all of that and that does not look likely....
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this next system, if we get the forecasted rain of it, it will keep the deficits from growing but won't shrink them at all. day planner, good morning. mainly cloudy. scattered sprinkle, temperatures in the low to mid-50s. by noon a gray day. may be rain following. i don't think much will reach the ground until noon. noon to 4:00, the north bay will see the steadier rain develop. throw mid-60s. during the evening commute, the rest of us get rain. very mild. mid-50s to low 60s. rain will fall heaviest during the evening, early overnight hours. not heavy rain, but the steadiest rain is what i should say. drizzle tomorrow morning. by the afternoon hour, mostly cloudy. low to upper 60s. friday and saturday, high clouds, sunshine, low to mid-60s at the coast. the rest of us flirt with 70 degrees. kristen, eric. >> thank you. >>> next, president obama is heading to connecticut. why he's asking the rest of the united states to follow that example. >>> and the climate issue putting avocados as risk. >>> and new at 6:00, thousands of people go up in flames right here in california, where the post
this next system, if we get the forecasted rain of it, it will keep the deficits from growing but won't shrink them at all. day planner, good morning. mainly cloudy. scattered sprinkle, temperatures in the low to mid-50s. by noon a gray day. may be rain following. i don't think much will reach the ground until noon. noon to 4:00, the north bay will see the steadier rain develop. throw mid-60s. during the evening commute, the rest of us get rain. very mild. mid-50s to low 60s. rain will fall...
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Mar 4, 2014
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. >> yes, what we can see is there is a deficit in theiar in the ae middle frontal cortex of kids who have ptsd. >> brown: in the developing brain of a child, ptsd can discourage learning. >> so the issue we have with chronic stress, it manifests as a ptsd syndrome or disorder is that some of the areas that are affected are areas that we need for our learning. for example, brain centers that process memory, brain centers that process executive function are particularly vulnerable. so ptsd can have an effect in how children learn brown. >> brown: according to carrion, up to 30% of children who live in low-income, high poverty neighborhoods will show symptoms of p.t.s.d. for every child in our school who acts out, i can look to something in their life that's not working. every single time there's a concrete and sad story about why this child doesn't get what they need. >> bring your arms up, put your left leg around your knee. >> brown: by teaching children to pay close attention to breathing and movements, the medical student hopes they're better prepared to concentrate. >> the princip
. >> yes, what we can see is there is a deficit in theiar in the ae middle frontal cortex of kids who have ptsd. >> brown: in the developing brain of a child, ptsd can discourage learning. >> so the issue we have with chronic stress, it manifests as a ptsd syndrome or disorder is that some of the areas that are affected are areas that we need for our learning. for example, brain centers that process memory, brain centers that process executive function are particularly...
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Mar 4, 2014
03/14
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we've cut a lot of money, in part, due to the sequester, and it's led to lowering and lowering the deficit. if you put that in the context of what the budget proposal suggests, it's only a modest increase in spend, talking about 56 billion, like you mentioned, split between defense, nondefense, and it's paid for. we established that the budget agreed to by patty murray and paul ryan, those spending levels stay in place, and you'll use a few other tax hike is to par for $56 billion to relieve s sequestrati sequestration. we have a piece coming up that shows nih will be funded at 30.2 billion. that, in real term money, equivalent to the level that george w. bush funded nih in 2002. we're not making people whole. we're lagging pretty badly. but as if you were to look at what republicans are saying, this is the most reckless spending possible. >> sam, on that note, the president say, our budge it is about choices, about values and this is expected to go nowhere, it's a moral document in the most sort of clear fashion from the white house. at the same time, you know, the president puts this out
we've cut a lot of money, in part, due to the sequester, and it's led to lowering and lowering the deficit. if you put that in the context of what the budget proposal suggests, it's only a modest increase in spend, talking about 56 billion, like you mentioned, split between defense, nondefense, and it's paid for. we established that the budget agreed to by patty murray and paul ryan, those spending levels stay in place, and you'll use a few other tax hike is to par for $56 billion to relieve s...
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Mar 4, 2014
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today we're gonna talk about the most controversial medical issue of our time, attention deficit disorder,
today we're gonna talk about the most controversial medical issue of our time, attention deficit disorder,